EVgo Inc. reports third quarter revenue of $92.3 million and net loss of $12.4 million

Reuters
11/10
EVgo Inc. reports third quarter revenue of $92.3 million and net loss of $12.4 million

EVgo Inc. reported third quarter 2025 revenue of $92.3 million, with a gross profit of $12.6 million and a net loss attributable to Class A common stockholders of $12.4 million. Adjusted gross profit was $26.7 million and adjusted EBITDA was negative $5.0 million. The company recorded net cash used in operating activities of $22.8 million and capital expenditures of $26.2 million, with capital expenditures net of capital offsets at $4.2 million. EVgo ended the quarter with $201 million in cash, cash equivalents, and restricted cash, and received an additional $41 million in borrowing in October. The company added over 149,000 customer accounts and more than 280 new DC fast charging stalls, ending the quarter with 4,590 stalls in operation. Average daily network throughput per stall increased 16% year-over-year to 295 kilowatt hours per day, and Autocharge+ accounted for 28% of total charging sessions in the quarter. For full-year 2025, EVgo projects total revenue between $350 million and $405 million and adjusted EBITDA ranging from negative $15 million to $23 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EVgo Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9572103-en) on November 10, 2025, and is solely responsible for the information contained therein.

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